LAW2024 Online: Wills and Probate (Spring)

This event launches on 3rd April and includes:

• High quality 4 x 1 hour pre-recorded videos and audio broadcast (topic titles are listed below)
• Q&A – a recording of the 1-hour 'Shape the Debate' session with our speakers that is taking place on 1st May 2024. This is your opportunity to hear our experts answering questions on both the pre-recorded content and general day to day Probate issues
• LAW2024 Online: Wills and Probate online exhibition – you can gain an additional hour of CPD via a choice of webinar from our Webinar Learning Library worth £35 +VAT.

Topics Include:

Introduction to Cross Border Issues

Presented by Professor Lesley King - Private Client Consultant, University of Law

Increasingly practitioners are encountering non-UK nationals here and UK nationals with assets overseas. Cross border issues can be complex and are always jurisdiction-specific.

This session will provide an introduction to the principles involved and matters to be considered.

It will look at:

• The principles states apply to determine which succession rules apply
• The importance of domicile to succession and inheritance tax
• Practical matters to consider when dealing with clients with assets in different jurisdictions

A brief case study will illustrate how to approach these issues.

Avoiding Pitfalls when administering estates

Presented by Professor Lesley King - Private Client Consultant, University of Law

This session will look at some common problems and how to solve them. It will include:

• Locating assets and liabilities
• Valuing assets
• Loss on sale relief
• The impact of lifetime gifts
• Avoiding penalties

Trusts and Trusts Drafting

Presented by Helen Forster

Trusts can sometimes be overlooked as an option for lifetime planning and their uses within estates, however when prepared properly these can be great tools in a practitioner's armoury to ensure that a client's needs are met. Problems can arise however if the trust is not drafted properly, and this has led to cases where the objectives of the trust may not be met, or beneficiaries have lost out.

Tax complications can also cause problems and full advice and careful drafting should be done at the start to ensure the objectives of the trust are being met. This session will run through the basics of trusts and address drafting issues and tips for both lifetime trusts and trusts in Wills.

Intestacies

Presented by Julie Bell

At least half of adults don’t have a will and risk dying intestate.

This session will provide an introduction to the principles involved and matters to be considered.

It will consider:

• Who is a spouse in this context
• Finding beneficiaries
• What happens prior to the grant being issued